Im just read the front page article about a motherboard being able to "mine" Bitcoins but can someone, who uses Bitcoins, explain the function of it. Why it exists, how do you use it, what is currently compatible, etc.....

It helped me a lot to understand bit coins and at the end you actually complete a bit coin transaction and end up with 0.0006 BTC in your wallet, which is roughly $0.07.

I've looked into mining and not understand it much but come to the conclusion it's not worth it these days? Something about computing power + electricity far out weights the financial gain from bit coins... however if anyone has any info on this i'd love to give it a try.

It helped me a lot to understand bit coins and at the end you actually complete a bit coin transaction and end up with 0.0006 BTC in your wallet, which is roughly $0.07.

I've looked into mining and not understand it much but come to the conclusion it's not worth it these days? Something about computing power + electricity far out weights the financial gain from bit coins... however if anyone has any info on this i'd love to give it a try.

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I understand it is virtual currency and all that but is there a way to turn this into a local currency where you can actually get out real paper money (such as Euro)?

There's pretty much no use for non-criminals, the main draw of Bitcoin is that the transactions are extremely hard to trace, which most people don't care about.

Unless you got started with Bitcoin when it launched (When you could easily make them, they're like $550 for 1 BTC now) they're pretty much useless, unless you're trying to hide transactions (But the police or so could still see you transferred the money into bitcoin)

This is pretty much all you need to know. Everyone is trying to invent the next great mining rig. By buying them, you increase the computing power in the mining pool which in turn increases the difficulty to mine for everyone, which in turn decreases the financial returns of you buying that rig. And the cycle repeats. So the best choice is just sit back and laugh at all the scams.

This is pretty much all you need to know. Everyone is trying to invent the next great mining rig. By buying them, you increase the computing power in the mining pool which in turn increases the difficulty to mine for everyone, which in turn decreases the financial returns of you buying that rig. And the cycle repeats. So the best choice is just sit back and laugh at all the scams.

Oh, there are a LOT of those going around. Google around for "Pirateat40", it's hilarious. The BTC community somehow thought it was wise to place an enormous amounts of funds with a guy that ran a clear ponzi scheme that promised ridiculous high yields. He then proceeded to run away with their pretend money. Who would've guessed?

Oh, there are a LOT of those going around. Google around for "Pirateat40", it's hilarious. The BTC community somehow thought it was wise to place enormous amounts of funds with a guy that ran a clear ponzi clear that promised ridiculous high yields. He then proceeded to run away with their pretend money. Who would've guessed?

The Venn diagram for those sorts and Bitcoin users is almost a concentric circle because a few months later another similar scam opened up. Same setup, same MO. But because he said upfront that he wasn't a scam, people put their money in. Guess what happened next.